PCF Insurance Services, an insurance brokerage operating in 40 states, has acquired All Star Insurance in Venus, Texas, and Encore Advisors, based in Norcross, Georgia. Utah-based PCF said in a news release this week that the moves mark an ongoing …
A bill that would end direct-action lawsuits against trucking insurers is rolling toward the governor’s desk after it was approved by the full House of Representatives on Monday. Senate Bill 426, heralded as a way to encourage more insurance carriers …
This year could be the year that Georgia joins most other states and repeals its direct-action law that has reportedly caused severe problems for trucking companies needing liability insurance. Several Georgia Republican legislative leaders and the state’s insurance commissioner said …
World Insurance Associates announced that it acquired the business of Oakwood Insurance Agency, LLC, also doing business as Insure Big Rig, of Califon, New Jersey on October 1, 2023. Oakwood has been providing trucking insurance to customers since 2011. The …
The Motor Carrier Insurance Education Foundation (MCIEF), a nonprofit that educates insurance professionals serving the transportation industry, has named Dave Heller as a Thomas Ruke Fellow. The fellowship honors the most dedicated educators and provides lifetime rights to all foundation …
A Brooklyn, New York-based managing general agency for the trucking and transportation sector has closed an $11 million Series A funding round, bringing the company’s total funding to date to $15.5 million. The round for Koffie Insurance was led by …
Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance program. Cover Whale offers underwriting and data tracking via its proprietary …
U.S. commercial auto insurers face some blips and disruptions on their road to profitability due to inflation and the spotty post-pandemic economic recovery. According to a Standard & Poor’s Global Ratings report, the sector got a break in 2020 because …
A new partnership between specialty wholesaler CRC Group, 5Star Specialty Programs and life insurer subsidiary Pan-American Benefit Solutions (PABS), will focus on offering workers’ compensation coverage for the trucking industry. The offering is part of PABS’s capacity expansion to writing …
The Progressive Corp. is acquiring Indiana-based trucking industry insurer Protective Insurance Corp. in a move that will increase its stake in the commercial lines insurance market. Progressive has agreed to pay $23.30 per share in cash, for a total transaction …
